New Brunswick Entrepreneur Program – Own a Business & get PR

The best alleyway for immigrants seeking to migrate to Canada from India and start a new journey in the maple leaf country is the New Brunswick Entrepreneur Program or New Brunswick Investor Program which is one of the best immigration programs under the New Brunswick Provincial Nomination Program. This entrepreneurial stream came into existence for the sole purpose to allure the experienced business owners and senior managers, seeking for Canada permanent residents, to settle down and have an optimistic contribution to the economic conditions.

The immigrants seeking for the said visa need to start a new business or buy a business under which they should be responsible for the day to day management duties of the said business. Moreover, the province organizes the variegated events for the foreign nationals seeking to migrate to Canada. This aids them to be indirectly come in contact with relevant people in order to proceed ahead in the process.

Eligibility checks

To be in the hunt for the visa, the aspiring immigrants need to pass through the scrutiny of the eligibility conditions of the New Brunswick Entrepreneur Program. This eligibility checks aids in checking the ability of the immigrants at each stage and how they can benefit the province. Following are the requirements or the eligibility checks of the said visa:

Type of Requirements	Particulars
Connection to Province	Yes
Profile of Express Entry	No
Offer of Job	No
Experience of Work	3 years of Ownership of Business and Management
Education Level	Post Secondary
Age	22 to 55 years
Requirement of Investment	Net Worth Personal: CAD $600,000 Investment: CAD $250,000

Visa Submission Process

To go to the another end of the pipeline, the aspiring entrepreneur seeking to settle down in the province via New Brunswick Entrepreneur Program ought to follow a certain procedure. This procedure is where the application of the said entrepreneur is scrutinized and relevant eligibility checks are done. Following is the application procedure for the same:

1. The immigrants need to submit the completed EOI form to New Brunswick Provincial Nomination Program (NBPNP).
2. NBPNP handpicks the relevant immigrants who have the required entrepreneur skills to contribute sanguinely in the economy.
3. The selected immigrants would receive the Invitation to Apply (ITA).
4. The budding entrepreneur needs to submit the application in full to New Brunswick Nominee Program (NBPNP).
5. The immigrants selected need to submit a deposit of CAD $100,000 and a signed Business Performance Agreement.
6. At this stage, the application is submitted to the Immigration Refugees Citizenship Canada (IRCC), wherein the Permanent Resident Application is assessed and the decision is taken upon the same. 
7. The immigrant lands in the province after all the procedure wherein they are expected or needed to operate the business for a minimum of 1 year to be eligible to apply for a refund of deposit.

In a nutshell, the New Brunswick Entrepreneur Program provides a great pathway for the aspiring and budding entrepreneurs to grow their businesses in the developed an economy which leads to a win-win situation for both the maple leaf country and entrepreneurs themselves.